Tons of site owners will let their domain expire for one reason or the other. And all of these are up for grabs. People buy them because they like the domain, they’ve been eyeing it for a while now, some buy it for link building, and others flip it.
The concept of flipping is simple: you buy something at a cheap price, and then sell it for a higher one. Sometimes people just set a high price and sell it. But there are others that take the time to improve on the site a bit to ensure that people will purchase it for the set price.
You can always sell your domains on your own; post it on your site, or social media page, or in a forum, you’re known at. But nothing beats selling it at notable domain marketplaces.
What You Need
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Auction or seller account at marketplace
Setup Steps
Sign up and sell.
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At https://godaddy.com, Click Create My Account.
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Go to http://auctions.godaddy.com > Click Join Now > Purchase membership > Search for domains by entering a keyword in the search bar. You can also go through the listed domains listed in specific categories.
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Bid for the ones that you like or click Buy It Now.
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If you win the auction, you will be notified via email, and you can proceed to pay via credit card or wire transfer. GoDaddy accepts that as well as Paypal, Skrill, and others depending on which country you’re from.
Find expired domains.
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Head over to sites like Namejet and ExpiredDomains.net.
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Check stats like PageAuthority, Total Links, Number of Linking Root Domains, and Domain MozTrust.
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Purchase and register the domains.
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Decide: sell right away, or improve on the site then sell.
Marketing Setup
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Find domains other people want. Find a profitable niche. Research.
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Google your domain keyword and see the first natural sites to show up. Find their contact details from WHOIS or in the Contact Us part of their sites.
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If you have a .com, find the owners of the other domain extensions. After all, .com is the most sought after domain.
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Put it back up for auction on GoDaddy and Namejet. Don’t forget the good description.
Timeframe
Time to do: 1 day
Time to see results: 1 month
Additional Tips
Get the .com domains. Not all of them rank high but that means it’s not that expensive and you’ll have the chance to flip it.
You can add value to your domains before selling them by generating traffic, getting quality backlinks, and brand upgrading.
Don’t sell right away. Take the time to do research and make sure you’re selling your domains at the right price.
Get a “For Sale” message on your site’s home page.
Putting up a fixed price encourages sales better than asking buyers to make an offer.
Add a “For Sale” message on your WHOIS information, and remove your WHOIS privacy service.
Use “charm pricing”, aka adding a “99” or “98”, to increase the chances of landing a sale.
Potential Results
Some domains hold such value that it takes no effort and time at all to get them back to the marketplace to be sold. But there are some that need preparation and proper marketing to make a sale that your income can range anywhere from $500 to $10, 000 depending on the type of the domain you’re lucky enough to have and the work that you put into selling them.
